A look at examples of IoT devices and their business applications in 2020

You've likely heard the term "Internet of Things" at some point from a colleague, an article, or an advertisement. But the term is broad and can cover an overwhelming amount of information.In short, the Internet of Things refers to the rapidly growing network of connected objects that are able to collect and exchange data using embedded sensors. Thermostats, cars, lights, refrigerators, and more appliances can all be connected to the IoT. Business Insider Intelligence forecasts that there will be more than 64 billion IoT devices installed around the world by 2026. To help clarify how the Internet of Things works, we've laid out some applications for the IoT, along with some specific devices and examples.